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S&P lowers Metrogas to CCC+
S&P said it lowered the global scale rating on Metrogas SA to CCC+ from B-.
The outlook is negative.
“The downgrade reflects Metrogas’ weak liquidity, with more than $55 million short-term debt due within the next six months and significant uncertainty and risk linked to the company's plans to extend its maturity schedule through issuances of bonds in the domestic market,” S&P said in a news release.
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